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The country's curve has rallied since the US and Iran agreed on a peace MoU
Most of the demand came from local investors, as one banker expected
Price was 'way off' fair value, according to a source on the deal
Rare borrowers Burjeel Holdings and Avilease also marketing deals
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Bahrain based Tadhamon Capital has reported a $3.1m net profit for 2012, up from $2.3m in 2011. The company had $8.3m total revenue, compared to $7.7m in 2011.
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The Islamic Development Bank (IsDB) has signed a $450m financing agreement with the government of Benin. The IsDB will finance priority investments in the energy, infrastructure, transport and agriculture sectors in Benin.
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Al izz Islamic Bank, one of Oman’s first Islamic banks, appointed a Shariah supervisory board during its second general meeting on Sunday.
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Qatar Islamic Bank has launched a fund investing in global sukuk from issuers outside Qatar. The International Sukuk Portfolio is styled as QIB’s new flagship product and will be managed by its London based QIB-UK subsidiary.
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Karachi, April 15, 2013: JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the medium to long-term entity rating of Hub Leather (Pvt.) Ltd. (HLPL) at ‘BBB’ (Triple B) and short-term rating at ‘A-3’ (A-Three). Outlook on the medium to long term rating is ‘Stable’.
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JCR-VIS assigns local currency ratings on a national scale. Local currency rating on a national scale assumes the national government to be least risky, which is therefore implicitly assigned a 'کAAA' rating. These ratings represent an entity's ability to meet its domestic obligations in the local currency.